Hudbay Minerals Inc · TSX:HBM
Hudbay Minerals — Q1 2014 Earnings Presentation
15 slides from Hudbay Minerals's earnings presentation, May 1, 2014
Slide 1: First Quarter 2014 Results
FIRST QUARTER 2014 RESULTS Management Presentation May 1, 2014
Slide 2: Cautionary Information
Cautionary Information Forward Looking Information This presentation contains "forward-looking statements" and "forward-looking information" (collectively, "forward-looking information") within the meaning of applicable Canadian and United States securities legislation. All information contained in
Slide 3: Cautionary Information (continued)
Cautionary Information (continued) Forward Looking Information (continued) The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, the impact o
Slide 4: Cautionary Information (continued) - Information Concerning Augusta
Cautionary Information (continued) Information Concerning Augusta Except as otherwise expressly indicated herein, the information concerning Augusta contained in this presentation has been taken from and is based solely upon Augusta’s public disclosure on file with the relevant securities regulatory
Slide 5: Cautionary Information (continued)
Cautionary Information (continued) The scientific and technical information in respect of Hudbay contained in this presentation related to the Constancia project has been prepared by or under the supervision of Cashel Meagher, P.Geo., Hudbay’s Vice President, South America Business Unit. The scienti
Slide 6: Q1 2014 Highlights
Q1 2014 Highlights 2014 PRODUCTION AND OPERATING COST GUIDANCE UNCHANGED Financial results impacted by significant amount of unsold copper concentrate in Q1 2014 > 29% of copper production, 44% of precious metal production remained unsold > 777 mine rehabilitation work completed in February 2014, pr
Slide 7: Continued De-Risking of Our Growth Projects
Continued De-Risking of Our Growth Projects SIGNIFICANT PROJECT MILESTONES ACHIEVED Constancia > Project construction 71% complete > Pre-stripping commenced in March > Infrastructure activities progressing well > Increased mine life to 22 years Lalor > Production shaft excavation completed and View
Slide 8: Constancia Update
Constancia Update 100%-OWNED PROJECT IN PERU Construction over 71% complete as at March 31, 2014 > Incurred US$1.2 billion and entered into additional US$200 million in commitments > Power transmission line 75% complete > Socabaya-Tintaya 220kV power line upgrade completed and energized in April Con
Slide 9: Constancia Construction Progress
Constancia Construction Progress Constancia pre-stripping activities Constancia tailings management facility Constancia crusher and crushed ore stockpile reclaim tunnels to feed ball mills Q1 2014 RESULTS l 9
Slide 10: Constancia Construction Progress (Cont'd)
Constancia Construction Progress (Cont’d) Constancia tailings thickener Constancia mill Q1 2014 RESULTS l 10
Slide 11: Lalor Update
Lalor Update 100%-OWNED MINE IN MANITOBA Underground mine remains on schedule and on budget > Of total $441 million budget, invested $390 million and entered into additional $42 million in commitments to March 31, 2014 > Steel guide installation completed to Lalor dewatering system at 910m level 955
Slide 12: Reed Update
Reed Update 70%-OWNED MINE IN MANITOBA Achieved commercial production > Operated at an average of 792 tpd in the first quarter > Completed under $72 million construction budget > Project development advanced 2,332 metres with additional 883 metres of Top of 110m level escape raise at Reed pre-produc
Slide 13: Strong Financial Capacity
Strong Financial Capacity WELL CAPITALIZED TO COMPLETE CONSTANCIA CONSTRUCTION AND ADVANCE ROSEMONT Hudbay Liquidity 1 > Sufficient financial capacity to fund remaining capital spending at Total Current Liquidity of $1.3 billion Constancia and Lalor > $150 million Constancia credit facility $150 Con
Slide 14: Near Term Milestones
Near Term Milestones Lalor Lalor Constancia Production shaft Underground Commercial commissioning exploration begins production 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Rosemont Lalor Constancia Expiry of Completion of Initial Augusta Offer refurbished production Snow Lake Concentrator Note: All timelines are es
Slide 15: First Quarter 2014 Results
FIRST QUARTER 2014 RESULTS Management Presentation May 1, 2014